Bed Bath & Beyond Looks for Double Digit Growth in Earningshttp://goo.gl/hWl6vIt's always nice when a store you like to shop in becomes a success. Bed Bath and Beyond (BBBY) is that kind of store. I'm a kitchen gadget freak, so I love this store. I try not to be an impulse shopper, but as I wander the store I sometimes find bargains I didn't expect and can't pass up. Today I can't pass up the stock. Same store sales are up 7% year over year. They are on target to add 40 new stores this year and another 40 to 50 next year. Margin squeezes have been offset by savings in SG&A so I think this looks like a well managed company. The price is on a roll....Technical reasons to consider:- 96% Barchart technical buy signal- Trend Spotter buy signal- 11 new highs and up 25.10% in the last month- Relative Strength Index 80.94% and climbing- Trades around 57.02 with a 50 day moving average of 49.28Fundamental reasons to consider:- Wall Street brokerage analysts are high on this stock- They have published 9 strong buy, 2 buy and 14 hold recommendations- Sales are expected to increase by 7.40% this year and 7.00% next year- Earnings are estimated to increase by 15.30% this year, 14.40% next year and 13.41% next 5 yearsInvestor Sentiment considerations:- Stock is widely followed on Motley Fool with 1636 individual investors giving an opinion- CAPS members vote 988 to 202 that the stock will beat the market- The more experienced All Stars vote the same way by 402 to 44Bed Bath and Beyond should be on you watch lists.
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